Supply-Siders Chase their Last Mirage: Developers Making a Bundle On Middle Class Housing
Supply-Siders Chase their Last Mirage: Developers Making a Bundle On Middle Class Housing Dick Platkin, CityWatchLA, August 27, 2020 PLANNING WATCH -If you ever feel like the fictional newscaster Howard Beale in Network, who screamed at his television audience, “I just can’t take it anymore,” I have a simple remedy for you. Spend some time with supply-side dead-enders, and you will be good for another 15 rounds. As I recently discovered, they are chasing a mirage, an illusory formula of zoning deregulation that allows real estate speculators to get rich by building middle class housing. Their belief in the power of market forces is astonishing, especially because they ignore contrary evidence sitting in plain view on nearly every Los Angeles street. In their inverse universe, long gone public housing programs and socia...